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threeseed
on March 13, 2023
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Joint statement by the Department of the Treasury,...
The real victims in all of this are the taxpayers who will cover the costs.
CEOs who should have known better are not victims.
slashdev
on March 13, 2023
[–]
Taxpayers are not covering any cost. The banks will pay for it via potentially higher FDIC insurance premiums. It’s possible they pass that on to customers, but there’s no direct link here.
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CEOs who should have known better are not victims.